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.5%, and a similar story for the euro stoxx 50. in new york, trading still under way for the dow jones industrial average, and it is not doing a lot. very little change. the euro trading for $1.3323. >> the chairman of a german steel producer has admitted to making mistakes, saying his supervisory board could have done better, but those mistakes have led to some huge losses for the company. >> the executive dick -- the executive is accused of failing to stop multi-billion dollar projects that went wrong. >> shareholders and employees are pointing the finger at the supervisory board chairman. they accuse him of failing to question bad board decisions. at the general meeting, he fought back, saying he has no intention of stepping down. >> if you ask me whether as a board we could have done things better, i will honestly say yes. we trusted people for too long. we could or should have acted sooner, but we did act once we saw what was going on if we had the appropriate facts, and we acted with resolve. >> hopes for the company's future lie with the new ceo. he fired three top executives last month af
spending millions on their campaigns. his people are young and the international and they are not as euro-skeptic as the majority of czechs. >> i'm afraid of many. the european union is doing now. his opinions are a bit more extreme. >> many people seem to be taking his licks in stride or even liking them. as before voting began, their orders to beating up campaign newspapers in the cafes. >> i'm not sure if this is the right guy for a presidency, but he is an interesting one. >> while he attracts all the media attention, there's little interest in the front runners, like the conservative former prime minister who also once headed the office of statistics. we asked the foreign minister if they oppose the establishment. >> i think they are fed up with politicians. >> it is that sentiment that has gotten him this far in the campaign. commentators have called him a potential king-maker. he is not a politician. his latest opera recently premiered and it is a science fiction work in which amphibian's take over the world. they are too clever for the human. they will show that they can also be c
york where the dow jones is down just slightly. the euro trading down as well. $1.3338. one crucial factor remains fairly strong, the labor market. the picture is mixed. >> germany and the with more people working than ever before, but more people are also looking for a job. figures showing unemployment rose slightly for the ninth month in a row. >> the line's growing in the final months of 2012. many companies are feeling the heat from the eurozone debt crisis and are choosing to cut their work forces instead of taking on new staff. in december, a total of 2.8 million people were unemployed in germany. that was 88,000 more than in november pushing the unemployment rate up to 6.7%. 2012 was a good year for the german labour market. on average, 3 million people were out of a job and the lowest number since reunification. experts say the markets will remain stable throughout 2013. >> if we take the economic data as a basis and we try to predict what could happen in 2013, then we see, on average, are round 2.9 million people will be unemployed. as far as employment is concerned. high n
to ease terms on its multi-billion euro bailout loan. the irish prime minister has told eu officials that solving his country's debt crisis is his top priority. >> the eu commission president was in dublin on thursday for a meeting to coincide with ireland taking over the rotating presidency. he also praised the irish government's efforts to bring its debt down. >> the irish prime minister and his deputy are looking ahead to six months at the helm of europe. it is a chance to tout ireland as proof that the u.'s reforms for the debt crisis can work. >> economic growth was stronger than expected at the end of last year. the deficit is lower than predicted. >> the irish government itself is confident. it aims to use its experience to help the e you find a way out of the current crisis. >> obviously, the president and his team are very conscious of ireland's own recovery story. we will work very diligently and energetically in terms of our agenda. >> ireland's first task will be to forge compromise on the eu budget in february. other priorities are boosting growth and progress toward an
is expected to be named the next head of the euro group later today. the former president is stepping down after eight years on the job. a man replacing him is virtually untested, but he is the only candidate for the job. >> the dutch finance minister looks set to take on an extra job. he has only just become a minister in his own country but he emerged as the candidate from a small country that is a proponent of unpopular budgeting. >> there seems to be a few basis, a new basis for trust, and we have to work to enhance it and strengthen it and to build new growth in jobs on that basis of trust. that is as short as i can say of what needs to be done in the euro group. >> goodbye to the head of the finance minister since 2005. he spent most of his time deal width democratic crisis and says he is eager to understand that over to somebody else. but apart from designating a new head little else of substance is on the agenda. tell leave a pressing decision on a bail out for cyprus until after elections there. >> since i heard the president has ruled out every form of privatization, i am in a b
the revised opening date of october this year. over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on that will be continued as before, but further steps need to be taken before a new deadline can be given. >> the board has reportedly known about the delay for weeks. wowereit's opponents are not happy about that. some say it is time for him to go. >> at this point, it must be said that klaus wowereit is no longer fit for the job, especially if it is true that he left the public in the dark for weeks, leading as a -- leaving us a disaster that will cost hundreds of billions of euros or more. >> beyond 2014, there is little indication when the new hub might open i
. the problem is, of course, that he has euro skeptics breathing down his neck in britain in his own party, and i think he is banking on germany and france in particular wanting very much to keep britain in the club, which, of course, they do, but i think he may be puckering too high. the german business community reacted in a very still a way to the threat of but leaving, saying that the german economy would be able to cope with that, though it would of course regret it. even more important, perhaps, the united states reacted very negatively. the relationship between britain and the united states has been the mainstay of british foreign policy for more than a century. yesterday, a member of the state department said that if britain were to leave the european union, that would seriously damage the special relationship between washington and london. >> thank you very much. >> to washington now where u.s. senator john kerry is president obama's choice for the next secretary of state. he has been quizzed by senators ahead of his recommendation. >> the issues like climate change and fighting d
more than 90 billion euros back into greece, spain, and portugal in the final quarter of 2012. that is a jump of 9%. the european central bank president has vowed to save the euro at any price. it is thought to have boosted investor confidence. well, here in germany, consumers are becoming increasingly confident about the future, and as a result, they are spending more money. most importantly, they are spending on big-ticket items and long-term investments like real estate. the record rise in consumer sentiment came after three straight months of decline. >> the latest survey, expectations of higher incomes and declining worries. domestic consumption has been playing a central role. >> germany's traditional -- traditionally known as a nation of savers, but right now, people love to spend. the labor market is robust, financial markets stable, and many consumers feel it is the right time to make big purchases like a new home. that is according to the latest survey of consumer analyst, gfk. respondents have given the overall economic outlook a big thumbs up. >> expectations for t
, international donors have pledged more than 1 billion euros for those displaced by the civil war in the country. united nations secretary general said the fund raising goal had been exceeded. >> representatives from nearly 60 countries met in kuwait to examine how to help with the millions of people who have fled the fighting within syria and the 700,000 who are refugees in neighboring countries. the french military advance against islamist fighters in northern mali continues to make rapid progress. emma the troops have taken control of the airport over the weekend. virtually unopposed, the -- two other cities of the weekend. the french are now negotiating with tuareg rebels, who say they have control. >> onto economic news, and financial markets have been on the rise these past few weeks as hopes have grown that the worst of the year of crisis has passed. today in spain, there's a reminder that things are very bad still for millions of people. revenue figures show spain sank even deeper into recession in the final quarter of last year with the economy contracting faster than ever. more than on
the atlantic on wall street this hour, let's check that out -- up 5.4%. the euro trading down just a tad against the greenback at a value of $1.3056. peugot says sales dropped last year. the automaker was hit by a drop in demand in europe where it sells about 2/3 of its cars. >> sales across the continent have slid as the eurozone crisis deepens, especially in spain and in italy. the company says it will intensify investment outside of europe and is aiming for half of its sales to come from overseas within two years. >> coming up, scientists are warning that the united states is facing severe drought for years to come. >> first, let's take a look at other stories making headlines right now. >> the government of the central african republic has begun meeting with rebels. officials say the negotiations are centering on the revision of a peace agreement signed back in 2007. the various rebel groups say they want to the president to resign. >> each of its president has been meeting with leaders of various palestinian factions. later, he met with the hamas leader. morsi is pushing for a recon
in east london, the euro cafe is serving up british toast and italian coffee, and the patrons are discussing the european question. >> we should be allowed a say at some point. >> we are definitely part of europe, and i think we will be too small outside of europe. >> but not all londoners are as pro-eu as those in the euro cafe. >> we definitely need to renegotiate our position. it certainly detracts from what we could contribute to our own economy, which is sorely needed. >> i know we can still means -- retain a relationship with our members without necessarily the party. m a cameron's position is one of a strong britain in a more relaxed european alliance, and he says that is something he will fight for. >> david heyman is making his own position very difficult. britain's fate will hinge on its european partners. -- david cameron is making his own position very difficult. if they do not agree, britain is headed toward the exit door, and this is something the prime minister does not want at all. >> cameron's speech has been troubled for months, and battle lines are already b
. it was a mixed bag. the dax slightly ekes out a gain, about 2/10 of 1%. the euro stoxx 50 was lower. the dow jones industrial average is treading water at 13,509. the euro is dire 0-- higher. the german social democrats are hoping to turn around their falling support in opinion polls by announcing a plan to crack down on income tax evasion by higher earners. the party is planning to make the issue a top campaign topic in the national elections that are taking place letter -- later this year. >> they have been meeting and they and build that plant, which even some inside the party say will not raise -- been meeting and they unveiled that plan, which even some inside the party say will not raise support. >> the social democrat challenger for chancellor says this must stop. >> if the vast majority of german taxpayers feel as if they are the stupid ones for being honest about paying taxes, it begs the question how just is the system in this country. >> the social democrats are calling for a number of measures, including rescinding the licenses of banks accused of systematically helping tax dodge
late in 2012. german companies sold over one trillion euros worth of goods and services by november. that is 4% of on the year before. however, that growth has slowed significantly. in recent months, analysts are blaming weak demand from the eurozone. germany is, of course, one of the world's top exporters. exporters account for almost half of germany's gdp. investors reacted negatively to the deteriorating export situation snuffing out a rally in frankfurt and sending the dax to a - close. our correspondence sent us this summary of the day's trading action from the frankfurt stock exchange. >> a few aspects of the export numbers from germany were well received on the trading floor. for example, the news that demand from other eurozone countries seems to have stabilized. of course, that was not enough to really lift the markets here. investors are a bit hesitant ahead of the earnings report season, and ahead of a meeting of the european central bank's council here in frankfurt this thursday. good news for the eurozone came in for the money markets. the permanent euro rescue fund auc
. equities worldwide joined in the rally. european shares hit a 20-month high. check out the euro stoxx 50. the dow jones is lapping up the attention. the euro is trading down at the moment. >> now to other news, portuguese -- the president of portugal has asked the country's constitutional court to review the government's disputed budget for this year. he said he was concerned about whether it fairly distributes the burdens of portugal's economic reforms. it includes tax increases and welfare cuts. he signed the budget, despite opposition. he said that was to avoid harming the country's economy. >> the economic exports and the chancellor have warned about of times ahead. when you look at the nation's unemployment, the picture looks pretty good. >> 2012 ended with more people working than ever before, and that after six years of consecutive games. >> the number of people in worked in germany is higher than ever, despite soaring unemployment in many other european countries. new figures show a stable german job market. the number of employed has been rising steadily. in 2012, 41.5 million p
the current si markets. how is the yen trading ahead of all of this. >> the dollar/yen and the euro/yen, of course, the yen has been a primary factor in the week's rise. 44 to 66, compared it was add ri -- revised before the euro/yen. we have 1.33, comparing to the euro/yen. we may just see the nikkei and the euro/yen trading at a narrow range. >> thank you, ramin mellegard, from the tokyo stock exchange. the nikkei with a gain of one-tenth of a percent. >>> they have voted toyota camry the car of the year. domestic makers dominate the market. representatives from the japanese automaker collected the trophy for the u.s.-built sedan at a ceremony in seoul. the journalist praised the car's price competitiveness. it beat 44 models introduced last year, including vehicles by south korea's kindai. they recently began shipping cars from the u.s. to south korea. our free trade agreement between the countries have slashed terrorist. >> honda and other japanese automakers have also increased ship makers from the u.s. to south korea. south korea is continuing to buy cars for their friendly te
to add to the 93 million euros of aid it has already sent, both to help mali and neighboring countries like niger where tens of thousands of people have already taken refuge. >> moving to the czech republic and our voting has begun to let the country's new president. around 8 million voters are choosing between two candidates. the foreign minister, the heir to one of central europe's wealthiest aristocratic families. >> he is taking on the former prime minister, to replace the current president. the vote is the country's first direct presidential election with a final day of voting on saturday. the russian parliament has given its initial backing today to a bill that would ban what it calls homosexual propaganda. >> critics say the bill could lead to gay people being fined for demonstrating or even kissing in public. >> there were skirmishes ahead of the parliamentary vote. orthodox activists disrupted a protest by gay rights campaigners before it had even started. demonstrators against the bill say are just fighting for civil rights. >> i am liberal. i am for freedom for all. for gay
to the 93 million euros of aid it has already sent, both to help mali and neighboring countries like niger where tens of thousands of people have already taken refuge. >> moving to the czech republic and our voting has begun to let the country's new president. around 8 million voters are choosing between two candidates. the foreign minister, the heir to one of central europe's wealthiest aristocratic families. >> he is taking on the former prime minister, to replace the current president. the vote is the country's first direct presidential election with a final day of voting on saturday. the russian parliament has given its initial backing today to a bill that would ban what it calls homosexual propaganda. >> critics say the bill could lead to gay people being fined for demonstrating or even kissing in public. >> there were skirmishes ahead of the parliamentary vote. orthodox activists disrupted a protest by gay rights campaigners before it had even started. demonstrators against the bill say are just fighting for civil rights. >> i am liberal. i am for freedom for all. for gay people and
. investigators are saying that the bank manipulated the euro bor. it influences interest rates from everything on home mortgages to car loans. deutsche bank is under investigation for manipulating the libor, the more widely used london interbank interest rate. the dax finished within striking distance of two-year highs. our correspondent sent us this summary of the first trading day of the week. it is yet another unfavorable --, it is yet another unfavorable -- >> it is yet another unfavorable report about an investigation into deutsche bank. penalties could be hefty. still, people are quite relaxed. deutsche bank going up for the day. the trading day was relatively quiet and relaxed, but the level remains high. that high level is part of the reason why boom this bank -- the bundesbank says that germans are richer than ever before. half of the wealth -- the growth in wealth was attributable to the enormous rise in share prices. >> the dax finished down by 1/3 of 1%. the euro stoxx 50 pretty much flat. the dow trading down just slightly. the euro trading at a value of 1.3452. well, who is going
banking giant as it post more than 2 billion euros in quarterly losses. >> and tornadoes batter six u.s. states in the southeast of the country. >> syria has summoned the head of the united nations mission in israeli-occupied territory. the issue is an israeli air raid on what syrian officials say was a military research center near damascus. >> the arab league has also condemned the strike, but the actual target is still not exactly clear. some reports suggest a weapons convoy believe to be carrying russian-made anti-aircraft missiles from syria into lebanon. >> we will speak to an expert on the region later. first, this report. >> the israeli government has not issued any statement, but national papers are full of the news. u.s. officials say the raid targeted a weapons convoy headed for members of hezbollah, an ally of the syrian president. but the syrian government denied the existence of the vehicles, saying the israeli planes bombed a research center near damascus. russia says the facts are not yet clear but adds that any air strike would be completely unacceptable. >> we are an
is down in general. the dax loses 1% at the moment. the euro stoxx 50 is down by 0.75%, waiting for wall street, opening up significantly lower, and the dollar -- the euro is also significantly down. and at air berlin is to cut 900 jobs in the next two years. that is one in 10 of its workers, but it has not said which jobs will be going. >> berlin has been making a loss for years, and the job cuts are part of a plan to save 400 million euros. berlin says it wants to focus on its most profitable routes in germany, switzerland, and austria. during the cold war, germany's bundesbank took a bet by soaring gold reserves around the world and left in there after the collapse of communism. >> last year, official auditors point out that official stockpiles abroad have never actually been counted. >> plans are afoot to bring the bars back home, or at least some of them. >> at least he knows what he has in his hands -- his golden globe is nothing more than a thin layer of 24 karat gold covering up something much less precious, and there is no doubt about the quality of the gold in the bundesbanks e
tonight but it is still holding at 12991. eurostoxx 50. euro trading down $1.3194. >> secretary of state henry clinton in the hospital due to a blood clot from the concussion she's a reporter earlier this month. >> she is under observation and will be in the hospital at least until tuesday. she is 65 years old. she has stated that she will be stepping down next month. the egyptian pound continues to fall against the u.s. dollar despite financial authorities tried to hold it from sliding. mohamed morsi expects that it will stabilize. >> political turmoil has sent worried egyptian scrambling to change their currency into pounds and dollars. they are imposing controls on how much cash can physically be carried out of the country. >> the latest attempt to stabilize the currency has had little impact on it slide. beside reserves in its currency auction, the egyptian pound falling to a new low. the currency have been losing value since the unrest began. two major factors are a drop in tourism and in foreign investment. many egyptians fear their cash will continue to fall in value causing a run
a boost to shares said that the dax is up by nearly 1%. euro stoxx 50 rising by about 0.75%. there have been some hints that the debt crisis might be solved and that many states are in a pretty good way. >> thanks for that. >> it is election year here in germany. this september, angela merkel will bid for another four years running the country, and this weekend, there's an early test for her coalition. >> ahead of that, merkel and her government have been touting their economic credentials today in parliament. their message -- while growth is slowing this year, germany has weathered the euro crisis pretty well. >> merkel is counting on that message winning the day both this weekend and in september, but the opposition has other ideas. >> with an important state election coming up this weekend in lower saxony, the campaign rhetoric is getting hotter. reporting on the condition of germany's economy, the economics minister was keen to take as much credit as possible for record employment numbers, rising income, and falling debt. >> it is no accident that our economy is in good shape. it is
1%. euro stoxx 50 rising by about 0.75%. there have been some hints that the debt crisis might be solved and that many states are in a pretty good way. >> thanks for that. >> it is election year here in germany. this september, angela merkel will bid for another four years running the country, and this weekend, there's an early test for her coalition. >> ahead of that, merkel and her government have been touting their economic credentials today in parliament. their message -- while growth is slowing this year, germany has weathered the euro crisis pretty well. >> merkel is counting on that message winning the day both this weekend and in september, but the opposition has other ideas. >> with an important state election coming up this weekend in lower saxony, the campaign rhetoric is getting hotter. reporting on the condition of germany's economy, the economics minister was keen to take as much credit as possible for record employment numbers, rising income, and falling debt. >> it is no accident that our economy is in good shape. it is no accident that new jobs are being create
of the european military system was for the euro and it was the work of franco-german relations. >> they paid tribute to the fallen of the first world war. germany and france would stand by one another. the current german and french leaders are hardly united in the struggle for stability of the european currency, but some say that is nothing new. >> there is one thing to take from 50 years since the treaty is that we do make a difference. but this is perhaps not the worst strategy for getting through the current crisis. >> for more, we have our correspondent from the parliamentary studios. franco-german relations have been put to the test over the last year. has it caused by problems to date? >> of course the two have had their cautious over the strategy meant in tackling the eurozone debt crisis. we know that merkel is very fond of talking about universality. the clashes have been stronger between other heads of government between france and germany in the past 30 years. it is so fundamental to the sense of their identity. any clashes will not seriously rock about. >> why not britain or any
the fact that the euro crisis has calmed to the point that investment is possible again in troubled countries. >> in a global economy the face of companies like schuler is tied to markets throughout the world. for now the mechanical engineers say that they can count on strong demands, especially from china. >> if i don't think we have reason to be pessimistic. businesses always connected to psychology. i think that lots of german companies are in a very good position and the demand for many products, in the machine and equipment area, is extremely high and it will remain so. >> german engineering firms head into the new year with confidence a sign the job market will remain stable in the months ahead. >> if you are looking ahead with optimism to the new year you are not alone. pope benedict predicts peace will prevail in 2013. >> the pontiff made his upbeat forecast to mark the catholic church's world day of peace. he was convinced of humanity's capacity to live without conflict despite the inequality and terrorism afflicting many parts of the world. >> yeah. there is one such confl
to look forward to the new year. to not mention the fact that the euro crisis has calmed to the point that investment is possible again in troubled countries. >> in a global economy the face of companies like schuler is tied to markets throughout the world. for now the mechanical engineers say that they can count on strong demands, especially from china. >> if i don't think we have reason to be pessimistic. businesses always connected to psychology. i think that lots of german companies are in a very good position and the demand for many products, in the machine and equipment area, is extremely high and it will remain so. >> german engineering firms head into the new year with confidence a sign the job market will remain stable in the months ahead. >> if you are looking ahead with optimism to the new year you are not alone. pope benedict predicts peace will prevail in 2013. >> the pontiff made his upbeat forecast to mark the catholic church's world day of peace. he was convinced of humanity's capacity to live without conflict despite the inequality and terrorism afflicting many parts
up closer to that magic 8000 market today. eurostoxx50 surged 1/3%. >> the euro is going for $1 u.s. 58. -- $1.3058. >> the free democrats are struggling. they're holding their annual meeting this weekend. they're under pressure to come up with something good. many in the party are skeptical that he house what it takes. they could very well crash out of the german parliament later this year for the first time. where exactly are they hiding? let's find out from our political correspondent. some blame their woes on this worsening. is that fair? >> they have not exactly prospered under his leadership. since it became party chairman a year-and-a-half ago, they have been booted out of four of the 16 state parliaments. polling figures are languishing below 5% meaning they would not get back into parliament in the upcoming election. whether he should bear all the blame for that, it is unclear, but many believe the party would be more attractive if they had a different leader. there was an opinion poll showing that he could possibly be replaced by a party veteran. >> what will happen up t
, and it is lower. as for the euro against the dollar, it is declining. >> when we come back after a short break, the small town in eastern germany that has declared war on the far right npd, as they try to gain a foothold there. >> that and more after the break. >> stay with us. >> thanks for staying with us. >> welcome back. we begin with the story of a small town in eastern germany that has seen the far right npd party convince many residents to give it its support. some have organized to resist that. >> and they have been recognized by germany's jewish community. the group emerged to resist the influence of the neo-nazi npd. the npd set up major headquarters in the town several years ago. >> the party quickly turned into a powerful force. here is a story of how locals who objected organized. >> pretty houses and clean streets. it looks idyllic, but appearances can deceive. there's no industry, and there are few jobs. many young people have moved away. yet, one group is moving in in increasing numbers -- right wing extremists from western germany. leaders of the far right npd party have chose
this week. milan wants to impose a 70% tax rate of anyone with an annual income of more than 1 million euros. >>> that wraps up this edition of "newsline." i'm keiko kitigawa in tokyo. thank you for joining us.
Search Results 0 to 45 of about 46 (some duplicates have been removed)

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